Resident Agent Signature Requirement Relating to Performance and Payment Bonds

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of surety bond producers, including licensed resident and nomesident producers placing bonds in the State of Florida and in other jurisdictions, I an1 contacting you regarding the performance and payment bond requirement in the bid specifications for City Contract No. l 5-C501 WWRF Disinfection & Effluent Pumping Improvements Project (Project). It has come to our attention that Section 17, Contract Security and Insurance, contains a stipulation that perfom1ance and payment bonds required by the City of Largo (City) must be signed by “a resident agent licensed and having an officer [sic] in Pinellas, Hillsborough, or Pasco County, Florida ….

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